Powering Payments Podcast by Form3

In this episode of the Form3 Powering Payments Podcast we have Chris Mullins, Senior Product Manager at Form3 talking with Marco de Jong, Principal Payment Consultant from Capgemini discussing all things Verification of Payee (VoP). From how PSPs may approach VoP to meet the timelines for implementation, how solution providers are able to assist with VoP and what we can learn from similar schemes such as Confirmation of Payee in the UK.

Taken from the main stage at this year’s Money20/20 in Amsterdam, our very own Eimear O’Connor led the discussion on how cloud and AI is shaping the future of payment innovation. Joined by representatives from Nationwide Building Society, Square and Visa hear how these technologies are reshaping the propositions and approaches banks are taking in order to maximise innovation and meet customer needs.

Join us on the Powering Payments podcast with Mandy Lamb, MD of Visa's UK and Irish business, as we explore the transformative landscape of digital payments. Discover how consumer expectations and technological advancements are reshaping banking and commerce. Tune in to hear how Visa is navigating these changes and leading innovation in a dynamic market.

In our lates episode Miriam Sheril, Head of US Product, Form3 got time with Bruno Reded Tinoco, CIS Business Development, at GFT Group to discuss how API technology is changing the way banks are thinking about payment modernisation. As Bruno states: "APIs enable rapid development of new services, especially for banks and fintechs, facilitating the integration of different services. This drives company growth by enabling easy data exchange and fostering innovation." In this episode we will discuss: - Simplifying Complexity with Unified APIs - APIs Driving Growth and Innovation - Open APIs and Open Banking

The Digital Operational Resilience ACT or DORA as it is known is fast approaching. We are joined by Philipp Baecker from Bain on our podcast today to discuss why this isn't just a compliance tick box exercise, and why banks need to already be responding to this and putting the wheels in motion before it is too late. Speakers:Jolanda Schekermans, Head of Product, API Experience, Form3Philipp Baecker, Partner, Bain 

Today we’re diving into the world of financial crime. In today’s fast-paced world, the complexity of economic crime continues to increase, making data sharing and collaboration critical in its detection and prevention. At the recent Pay360 event our very own Head of Fraud Chris Oakley joined other panelists to discuss exactly how this can be achieved. So sit back as we hand over to Andrew Churchill from The Payments Association who hosted the session.

The “DORA: The Biggest Change in Payments No-One is Talking About” session will cover how the regulation will accelerate cloud and third-party services adoption, and how concentration risk management is now both a system level and firm-level effort. The session will also look at how enhancements in service offerings result in fewer opportunities to restore operations in the event of a cyberattack. Also, the panel will consider the systemic risk of firms underinvesting in their own resilience, and how failures at a single bank could cause an avalanche of problems for others.Speakers:Abdellah Ben Hammou, Product Director, KlarnaJessica Ramos, Head of Regulatory & Financial Affairs, EBA CLEARINGModerator:Jolanda Schekermans, Head of Product, API Experience, Form3

Stuart Poffley, NPA Lead, Form3Peter Harmston, Partner, Head of Payments Consulting, KPMG

Stuart Poffley, NPA Lead, Form3Peter Harmston, Partner, Head of Payments Consulting, KPMGWhat’s covered in this episode:How to use the NPA as a catalyst for strategic changeWhat are the practical ways of thinking about this migration projectHow NPA will impact the adoption of cloud technology Discover more on what NPA will mean to you and how to prepare for these changes. 

Nick Fleetwood, Head of Data Services, Form3Ronan Carter, Client Partner, GoogleWhat’s covered in this episode:What opportunities exist for banks to create value from data collected from payment flows?What are the key ‘data principles’ when it comes to unlocking valueHow do we bring together siloed data to infer payment insights?How is smart data combatting the rise in fraudulent activity?

With all eyes firmly fixed on the launch of FedNow in 2023 there still remain a number of areas where questions remain. Recently Form3 US General Manager Dave Scola sat down with Miriam Sheril who joined Form3 from her previous role as core product lead for FedNow at The Fed to hear from her on some of these key areas such as interoperability, liquidity management, and fraud.

Guests:  Gregor Dobbie - CEO - VocalinkJana Mackintosh -  Managing Director Payments and Innovation - UK Finance  Hosts: Joss Wilbraham - Head of Networks and Infrastructure - Form3 Producers: Tom Campbell - Creative Lead - Form3  

What’s covered in this episode:What is NPA?Concept v Reality: Where are we now?Why should it matter to banks, businesses and consumers?What is ISO20022 and what does it mean for the UK Banking and Payments Industry?The many uses cases of NPA and ISO20022The benefits of standards

What’s covered in this episode:Has cloud technology penetrated payment infrastructures?Is there a cloud mindset we need to embrace? Moving from a tech decision to a tech stack decisionWhat’s the catalyst for this need for change with cloud payments?How do we move the conversation from planning to execution?Are we seeing the numbers we expect at this stage of adoption?Why has the UK seen such growth with cloud payments?What are the hurdles to cloud adoption?

It is hard to transform to digital-first, or as our guest co-host Kevin Holditch says, "Replatforming a bank is like swapping out a couple of decades-old jet engine, mid-flight, whilst being 38,000 feet in the air with an over-pack passenger list."  Seems like that might cause a few difficulties, doesn't it?    You can also find this episode and Money20/20s great podcast here: The MoneyPotGuest:  Jan-Willem Weggemans, Senior Client Partner, Publicis Sapient. Hosts: Gary Dempsey, Content Lead, Money20/20 EUKevin Holditch, Head of Platform Engineering, Form3Producers: Gary Dempsey, Content Lead, Money20/20 EUThomas Cheung, International Marketing Manager, Form3Roland Bodenham, Senior Video Producer, Ascential

What will Arthur, Jolanda and Andrew be discussing? Find out below.Topics covered:What does instant payments really mean, how is it defined and what is being done in your region?What are the drivers at a consumer, corporate and banking level for instant payments in Europe?Mass adoption is key to the future of instant payments, what is preventing this mass adoption or slowing it down?How do we prevent a situation where participants are not overfunding and have a system where this is managed on an ongoing basis?What are the potential additional impacts on back office processes within a bank I.e. sanctions, AML, liquidity for entering the instant market? How are these challenges overcome?Target2  is limited only to credit institutions, can we see the logic in this or would a more liberal approach like the bank of England has to regulated entities be preferable?In Form3 terms would this be classed as a direct non-settling participant model?What does the landscape look like globally for appetite to migrate to faster payments?What are the existing payment processes and how do you see SADC starting to interact with other instant initiatives globally?

In this episode, we invited Johan Brandhorst from Buf & our very own Andy Kuszyk to dive into the wonderful world of Go, with a new host for our tech-focused series, Kevin Holditch.Our new .tech series invites guests inside and outside of Form3, discussing what's going on in the engineering community, sheds light about how engineering works at Form3 and gives engineers advice.Topics/questions covered in this episode:How did our guests get into Go?Was it difficult?How easy was it to pick up?What are the limitations of Go?Go vs JavaWhat are the pros and cons?How does  Go work for Form3?Ruby on Rails vs Go - What are the advantages and disadvantages?Go vs PythonWhat's great with Python?How does it scale compared to Go?Tangible examples where Go should be used and whyWhat are the tools that can add value in Go?The input you can have as an individual contributor on the Go communityHow does error management work in Go?What's coming next in Go and what would you like to see added to the language?What's the best way to way learn  Go?Interested in joining Form3? - https://hubs.li/H0zlrGd0

In this episode, we invited Peter Basford & Daniel Owen-Parr from Business Growth Coaches Network, who are helping businesses to achieve their goals and grow.Andrew speaks to Peter and Daniel and focuses on what SMEs need from their banks, the issues their clients have faced during COVID-19 and the attitudes their clients have with their banks.If your an SME and want to talk to us about business banking and the challenges SMEs face today and in the future, get in touch with us: thomas.cheung@form3.techTopics covered:How did Business Growth Network come about?A dive into Peter and Dan’s banking backgroundsWhat are the types of customers BGCN have been working with and what are the issues that have faced them over the last few months.Expanding into new markets for SMEs - what are the challenges?How SMEs make international transactions and what are the pain points?Do SMEs have access to the banking tools and services needed in order to succeed?What’s the role of digitisation and automation for business banking?Is there a change in attitude from SMEs using their bank?How do banks prioritise their customer base?Find out how we're helping financial institutions service their SME community: https://hubs.ly/H0t8n8Y0

To kick off our first interview, we invited Karen Rudich from ELEMENTARYb, who is building an all in one solution for integrated accounting, banking and tax proposition for the mid-size business sector.Karen and Andrew touch upon how COVID-19 has highlighted the business need for real time access to data and solutions,  Why SMEs and mid-size business are often overlooked when it comes to servicing by some financial institutions and more about business banking.If your an SME and want to talk to us about business banking and the challenges SMEs face today and in the future, get in touch with us: thomas.cheung@form3.techTopics covered:A brief introduction into Karen's career and why she started ELEMENTARYbHow COVID-19 has highlighted the need for real-time access to solutions and data from businessesWhat's preventing financial institutions from implementing new solutions and transforming the way they work?Why the transitional FX market needs to be updatedWhat does the next decade of banking look like to Karen?Buy cheap, buy twice - The importance of balance between pricing and product quality when it comes to a business's sustainabilityWhy are SMEs and mid-size business  often overlooked when it comes to servicing by some financial institutions?Why are we seeing a trend from Fintechs focussing on lending products instead of transactional banking?What particular products do SMEs need in order to  run a successful business in this current climate?Is there an appetite for mid-size businesses to move all of their services to Fintechs?Has COVID-19 affected your go to market plans for ELEMENTARYb?*We apologise for the weak internet connection towards the end of the podcast!

We want to give SMEs a voice and highlight the issues they're facing on a daily basis, their opinions on business banking, how technology is impacting their business.To kick things off we invited Elliot Awin from ABS Wine Agencies, six-time winner of the coveted IWSC Wine Importer of the Year, who certainly knows a thing or two about wine.As well as asking about his favourite red and what wine is trending this year, Andrew Frost sits down with Elliot to discuss how the day to day running of the business is changing, the impacts of Covid-19, the importance of business banking relationships and what can banks do more of to service the needs of UK SMEs.If your an SME and want to talk to us about business banking and the challenges SMEs face today and in the future, get in touch with us: thomas.cheung@form3.techContacts:Get in touch with AndrewGet in touch with ElliotGet in touch with Form3 Topics covered:How ABS Wine Agencies is coping during COVID-19What are the three most important things you consider when you're runningWhat technological changes are you seeing in the Wine industry?What banks can do to help SMEs?Equipping banks with the right tools to help SMEsThe importance of personal relationships in business and SME bankingWhat Fintech/technology providers do you currently utilise?What are the barriers to technology adoption at ABS?How do you manage risk?How do you feel about the UK banks servicing of SMEs?BONUS: What is your favourite wine region and what wine should I look out for this year?